Part of a 35-acre site

Edgwick Point forms part of 35 acres bought by the Wigley Group in the late 1970s.

It marked the start of the company’s venture into the commercial property market.

Large parts of the original 35-acre site have already been regenerated and sold to companies including Gallagher and Lidl.

James Davies, managing director of the Wigley Group, said: “We have completed a forward-funded deal whereby we are selling the land and our construction arm, Wigley Building and Development, are building the units on behalf of the purchaser.”

The site was once well-known for the top shop from its Alfred Herbert era.

Final piece in the jigsaw

Mr Davies added: “The sale marks a historic transition in ownership. It is the final piece in the jigsaw in terms of the development and regeneration of what was the oldest investment in our commercial property portfolio.

“It is an extremely proud moment for the Wigley Group and we look forward to delivering the completed development to the new owners which will signal a new and exciting chapter for a site of great importance to Coventry’s manufacturing past.”

Work on the development comprises one block of 25,000 sq ft and two blocks of 20,000 sq ft capable of sub-division, and is expected to be completed in the first quarter of 2019.